Скачать или смотреть Renewal Clause from Procurement Lexicon

Click here to download Procurement Lexicon, https://blog.fhyzics.net/procurement-...

Renewal Clause in procurement and contract management is a contractual provision that outlines the terms and conditions under which a contract can be extended or renewed after its initial term has expired. This clause specifies the procedures, requirements, and conditions that both parties must follow to continue the contract relationship. Renewal clauses are commonly found in various types of contracts, including service agreements, leases, and supplier contracts, and they are essential for ensuring the continuity of services or supplies if both parties wish to continue the business relationship.